Parin Furniture Limited Company is a provider of wide and exclusive range of furniture and lifestyle products for several consumers. The Company has issued 38,00,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Parin Furniture IPO release date, IPO offer price, subscription, Parin Furniture IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Parin Furniture IPO Review & Ratings

Parin Furniture IPO Ratings & Review

Criteria

Ratings

Industry Sentiments

6.3/10

Industry Ranking

6.3/10

Company Background

6.1/10

Company Reputation

6.4/10

Competitive Edge

6.4/10

Financial Statements

6.5/10

Popularity Index

6.2/10

Promoters Reputation

6.3/10

Retail Appetite

6.2/10

Top Brokers Review

6.3/10

Overall Ratings

6.3/10

Star Ratings

★★★☆☆

Summary of Parin Furniture IPO

Parin Furniture Limited is a part of the specialty chemicals industry which is one of the fastest growing manufacturing sectors in India. Specialty chemicals have penetrated in industries such as packaging, agriculture, healthcare, aerospace, electronics, automotive, consumer goods and other industries. The Issue comprises of a Public Issue of 38, 00,000 Equity shares of face value of Rs.10.00 each. This Issue is being made for at least 25% of the post- issue paid-up Equity Share capital of the Company.

From FY 2016-17 to FY 2017-2018, as per the Restated Financial Statements:

The Net worth of this Company based on Restated Standalone Financial Statements as on March 31, 2018, March 31, 2017, March 31, 2016 and March 31, 2015 was Rs. 1547.11 lakhs, Rs. 564.67 lakhs, Rs. 428.80 lakhs and Rs. 327.24 lakhs respectively.

The NAV / Book Value per Equity Share of our Company (closing number of shares adjusted for bonus issue), as per Restated Standalone Financial Statements as on March 31, 2018, March 31, 2017, March 31, 2016 and March 31, 2015 was Rs.19.06, Rs. 14.26, Rs. 10.83 and Rs. 8.26 per equity share respectively.

Company’s Net Profit after tax for the year 2017-18 is Rs. 261.78 Lacs from the year 2016-17 of Rs. 135.54 Lacs showing an increase of 93.13 % from last year, showing remarkable performance.

The Promoter of this company is Mr. Umesh Dhirajlal Nandani, Mr. Deven Dipesh Nandani and Mr. Parin Umeshbhai Nandani . The lead manager to the issue is HEM SECURITIES LIMITED and the Registrar to this issue is KARVY COMPUTERSHARE PRIVATE LIMITED.

Subscribe to Parin Furniture IPO

Fill the Details Below

Name *

Mobile No. *

City *

email *

Select Services Subscribe to IPOOpen Demat AccountBecome Sub Broker

List of Upcoming IPOs in 2018:

Parin Furniture IPO Date

The opening and the closing date of IPO of Parin Furniture is 26 Sept 2018 – 28 Sept 2018.

Parin Furniture IPO Subscription

Day / Date

NII

RII

Total Subscription

Day 1 : 26 Sept 2018

1.12x

1.08x

1.10x

Day 2 : 27 Sept 2018

Day 3 : 28 Sept 2018

Shares Offered or Net Issue

1,420,000

1,420,000

2,840,000

Parin Furniture IPO Allotment Status

The allotment status will be known once the shares are subscribed. Here, you can find the Allotment Statusof this IPO.

Parin Furniture IPO Price Band

The face value of each share is Rs 10, but the price band is Rs 60 – Rs 63 Per Equity Share.

Parin Furniture IPO Equity Share Offering

Parin Furniture Limited – Company Overview

Parin Furniture Private Limited was incorporated dated September 12, 2006 under the provision of Companies Act, 1956 by Registrar of Companies, Gujarat Dadra & Nagar Havelli. The Company is engaged in the business of wide and exclusive range of furniture and lifestyle products for several consumers.It also has a subsidiary company namely Pearl Furniture Pvt Limited having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers.

The Company is promoted by MR. UMESH DHIRAJLAL NANDANI, MR. DEVEN DIPESH NANDANI AND MR. PARIN UMESHBHAI NANDANI , who has over a decade of experience in the Furniture industry. He is the guiding force behind the growth and strategic decisions of the Company.

The company is into various areas which is:-

Home Furniture & Decor

Office Furniture

Hospital Furniture

Institutional Furniture

Education Furniture

Competitive Strengths of Parin Furniture Limited:

Diverse portfolio of Services.

Established relationship with clients leading to recurring business.

Experienced management and operational team.

Customer Satisfaction.

Diversified Industry Sectors.

Business strategies of Parin Furniture Limited:

Brand Building.

Setting up of more showrooms.

Improving functional efficiency.

Leveraging our Marketing skills and Relationship.

Parin Furniture Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus.

Financial Summary:

Earnings per Equity Share (in Rs.)

31-Mar-18

31-Mar-17

31-Mar-16

Basic & Diluted

3.98

3.42

2.56

Amount (in INR & Lakhs)

31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

Total Assets

4,663.61

4,344.86

3,963.39

1,948.67

1,673.60

Total Revenue

6,459.34

5,994.04

6,178.46

2,875.78

3,002.76

Total Expense

5,739.67

5,408.92

5,686.31

2,616.12

2,763.18

Profit After Tax

261.78

135.54

101.57

27.53

60.82

From the above statements, one could find that the Parin Furniture Limited may perform well.

Parin Furniture IPO – Promoters

The Promoter of this company are:

Mr. Umesh Dhirajlal Nandani,

Mr. Deven Dipesh Nandani

Mr. Parin Umeshbhai Nandani

List of Related Parties (Key Managerial Personnel)

Dhirajlal Laxmidas Nandani (HUF)

Dipeshbhai Dhirajlal Nandani (HUF)

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The Directors do not have any other interest in any property acquired by the Company in a period of two years before filing of this Draft Red Herring Prospectus or proposed to be acquired by us as on date of filing this Draft Red Herring Prospectus.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.

Parin Furniture IPO Offer Details or Issue Details

Particulars

No. Of Equity Shares

Equity Shares Offered

3800000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed).

Of which:

Reserved for Market Makers

This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.

Net Issue to the Public

This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.

Of which:

Retail Investors Portion

This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.This is not less than 35% of the Net Issue.

Non-Retail Investors Portion

This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.This is not more than 50% of the Net Issue.